More retail news – Page 2
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News briefsBlue Tomato brings in new Head of HR
Source: Blue Tomato Ramona Ramsauer As the new Head of Human Resources at Blue Tomato, Ramona Ramsauer is now responsible for all “People & Culture” agendas at the Austrian board sports and lifestyle specialist based in Schladming (with additional headquarters in Graz and Vienna). Ramsauer gained international ...
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ArticleCastore opens first London outlet store at The O2
Castore has launched its first London outlet store at Outlet Shopping at The O2. This new storefront occupies 121 square meters on the upper level of the complex, nestled next to Reiss. The store features a range of Castore’s women’s and men’s athletic wear and includes a special section for ...
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News briefsQ1 revenues top $22 billion at Tencent
Tencent Holdings, one of China’s two internet behemoths (alongside Alibaba), has posted first-quarter revenues of 159.5 billion renminbi ($22.5bn), up 6 percent year-on-year, along with a gross profit of RMB 83.9 billion ($11.8bn), up 23 percent. Non-IFRS operating profit was up 30 percent, to RMB 58.6 billion ($8.3bn), while non-IFRS ...
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News briefsNorwegian sports chains see 9.5 percent sales decline in Q1 2024
Sports chains in Norway, including XXL, Sport1, Intersport, Anton Sport, Löplabbet, Stadion, Obs!, and Stadium Outlet, reported a significant sales downturn in the first quarter of 2024, with revenues dropping 9.5 percent compared to the same period in 2023, totaling 2.7 billion Norwegian kroner (€233.2 million). The decline is attributed ...
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News briefsDecathlon partners with Recyc’elit to advance textile recycling and sustainability in the Industry
Decathlon has reinforced its commitment to sustainability by partnering with Recyc’elit, a pioneering startup specializing in the recycling of complex textiles. Founded in Lyon, France, in 2020 by PhD scientists Karim and Raouf Medimagh, Recyc’elit has introduced a technology for separating materials such as polyester, elastane, and polyamide, enhancing the ...
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News briefsMartin Badour appointed as new President of Snipes USA, succeeds Jim Bojko
Snipes has announced Martin Badour as the new President of its operations in the US. Badour, who previously served as Executive VP of Retail for Snipes in the USA, steps into the role effective immediately. He replaces Jim Bojko, who has departed from the company. In a statement, Badour expressed ...
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ArticleXXL relocates Swedish stores in response to soaring rents
XXL, the Norwegian sporting goods giant, is relocating its stores in Uppsala, Västerås, and Växjö in Sweden due to soaring rental costs. The moves, set for late summer, involve shifts of just a few hundred meters each but stem from what the company describes as “soaring rents.” Anders Lindblom, the ...
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News briefsApril sees dip in UK retail sales amid poor weather and easter shift
The British Retail Consortium (BRC) has reported a downturn in retail sales for April, attributing the decline to unfavorable weather conditions and an earlier Easter period. According to the trade association, total retail sales in the UK experienced a 4 percent decrease for the four-week period from March 31 to ...
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News briefsJD Sports makes Middle East debut with new store in Bahrain
JD Sports has marked its entry into the Middle East with the inauguration of a new store located at Bahrain’s Marassi Galleria Mall, a beachfront shopping destination. Operated under a franchise agreement with GMG, the 504 square meter establishment will offer customers access to the latest releases from a diverse ...
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News briefsFanatics and Sunderland announce long-term partnership
Fanatics and Sunderland Association Football Club (SAFC) have agreed to a new long-term partnership that will see the global merchandise firm become Sunderland’s new retail partner until 2034. Fanatics will become the exclusive operator for the club’s online and stadium store. This will include “significant investment” in a new store ...
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News briefsLiverpool FC scores retail partnership in South Korea with Over the Pitch
Liverpool FC (LFC) has scored big in South Korea with its latest retail partnership with Over the Pitch, a soccer brand and design studio. This collaboration marks Liverpool’s first foray into the South Korean market. The initial phase of the partnership will see the introduction of two dedicated retail ...
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News briefsFrench sneaker brand Veja makes London debut with eco-friendly store concept
French sustainable sneaker brand Veja has inaugurated its first store in London’s bustling Seven Dials district. Nestled at 45 Monmouth Street, bridging the gap between Covent Garden and Soho, the 140-square-meter boutique showcases the brand’s footwear collection, complemented by an onsite cobbler station for sneaker and shoe repairs and cleaning ...
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ArticleFoot Locker unveils new store concept at Willowbrook Mall
Foot Locker has introduced a new retail concept at its Willowbrook Mall location in Wayne, N.J., aiming to redefine the sneaker shopping experience. According to a statement, the new store format, designed to integrate customer insights and elevate service standards, “marks a significant step forward for the global footwear retailer”. ...
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News briefsDecathlon expands BuyBack scheme in UK
Decathlon has broadened its BuyBack program to encompass all sports equipment in the UK, following the success of its initial launch focusing on unwanted bicycles. The initiative now covers fitness equipment, racket sports gear, camping essentials, and water sports items like kayaks and paddleboards. Customers can participate by completing a ...
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ArticleSprandi poised for comeback in Russia
Sprandi, a once iconic brand in the Russian market, can reportedly resume sales in the country after almost two decades of absence. At the end of 2023, a local wholesale supplier, A Sport, obtained several certificates of conformity from a Russian technical regulator, allowing it to sell sporting shoes under ...
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ArticleRussia’s Sportmaster posts a 2023 revenue hike
Russian sporting goods behemoth Sportmaster solidified its position as the country’s largest fashion retailer in 2023, thanks to a 14 percent hike in revenue to 160 billion rubles last year. Sportmaster generated nearly 70 percent more revenue than Kari and twice as much as Gloria Jeans; the companies ranked second ...
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ArticleDecathlon closes one more store in Sweden, only has one left
Decathlon revealed plans to shut down three of its stores in Sweden, citing challenges amid the global economic climate. The closures will affect Decathlon Kungens Kurva, Decathlon Barkarby and Decathlon Uppsala, impacting a total of 72 employees. Explaining the decision, a Decathlon spokesperson stated: “The Swedish market is specific and ...
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News briefsTarget jumps on the pickleball trend
Source: Prince Prince for Target US retail giant Target has announced a limited-time pickleball collection in collaboration with tennis and lifestyle brand Prince. According to the Sports & Fitness Industry Association’s (SFIA) 2023 Topline Participation Report, pickleball is the fastest growing sport in the US, and now ...
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News briefsJD Sports Fashion opens flagship store on Paris’s Champs-Élysées
JD Sports Fashion debuts its global flagship store on Paris’s famed 118 Avenue des Champs-Élysées. The store boasts cutting-edge digital technology and will offer “immersive experiences for shoppers”. Featuring top brands like Nike, Adidas, and New Balance, the store promises the latest in sports fashion. To mark the occasion, JD ...
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News briefsXXL appoints former H&M executive Dawid Gosciniak as COO
Norwegian retailer XXL is bolstering its team by appointing Dawid Gosciniak to a newly created role as Chief Operating Officer (COO) for all of XXL’s markets. Gosciniak will work on enhancing the chain’s omnichannel approach, refining the store concept, optimizing the customer journey, and ensuring the highest possible efficiency ...
